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Rio Novo Gold Inc.

12:11 PM EST - Rio Novo Gold Inc. : announced that it has entered into an Exploration and Option Agreement by which the Company has the right to acquire 100% interest in five mineral rights (four exploration authorizations and one application for exploration authorization), covering an area adjacent to its Almas Gold Project. In total, these areas add 30,766 hectares to the Almas Gold Project's current land package, thereby increasing Rio Novo's overall land position to 69,264 hectares, comprised of 15 mineral rights located within the Almas gold district. Rio Novo Gold Inc. shares T.RN are trading up $0.02 at $1.90.